The times. (Owosso, Mich.) 1882-1897, 1887-12-16
"heRE'S RICHNESS"
Mint Director Kimoai, Tells of the Cou..
~ try's Gold and Silver.

Mint Director Kimoai, Tells Of the Cou..
y try's Gold and Silver.
WASHINGTON CRY, Nov. 2.-Dr. James
r Rmball, the director Of the mint, in his
annual report for the fiscal year ended June
~ 1887, says the value OF the gold deposited
at the minis and assay offices during the
year was sos, o23, O73. In addition. there
were redeposits Of the value of SIS. I9S. 7OO.
making the total value of the gold deposited
$SS, 406. 779, against $40, COG, 1874 In 1850 The
value OF the silver deposited and purchased
was s47. 7&,9lS In addition, there were re-
deposits OF silver amounting to s462. ll3
making tho total value Of the silver dvpos-
tied and purchased, calculated at the coin
ing rate, S+S, 03l, against $37, 9I7, 028 In
The, preceding year. OF the gold deposited,
SSs. 9I3, OF was of domestic production, ga.
5H, 3:S OF foreign gold bullion. 50, 500, 5l2 of
foreign gold coin, $5l6, 9St of United States
gold coin, and g., 265, 40 Of old material.
The coinage of the year aggregated in
round numbers So, 500, 900 In gold pieces.
$3A, S50, 600 in silver, and 81 600 600 in MINOR
coin. The total coinage aggregated S57, TO3.-
4l3 In addition to the coinage SOS, 600. 90
worth of gold and 81, 900, 900 OF silver bars
were manufactured
The silver bullion purchased during the
year for silver dollar coinage was $29. ABB
Bay The average cost was 93 cents per
fine ounce. The average London price for
the year was %. ID cents per ounce. A de-
cline in the price of silver, commencing in
April. 1856, continued until August, when it
reached AZ ponce. The price commenced to
advance in August, 1856. and continued, with
slight fluctuations, until it reached its high
est point on Jan. rs, 1887, AZ pence, equiv
alent to Sl.O33 per ounce fine Another de-
cline commenced in January, continuing un-
til June. the average price for the latter
being 1914 cents per ounce fine. The price on
Nov. ], 1887. was cas- cents per ounce fine
During the year IS, 26e, S3l standard silver
dollars were coined; III, 90l, 92S were distrib-
utcd from tho minis, and H. 500, 900 trans
ferrei to the treasury. Tho seginorage on
the silver dollars coined duo the year was
S,923, a5S, and on the subsidiary silver $3l,
70A The seigniorage on the coinage Of silver
from July I, 1878, to June 30, 1887, was $50 :
05T, SGD.
The number Of trade dollars redeemed un
der the law authorizing their redemption wa.
76S9.O36 The trade dollars redeemed hav.
all been transferred to the minis or the assay
office at New York and melted into bars
ready for coinage. The expenditures for the
service of the minis and assay offices during
the year was 81, $50, Buy. The total earnings
from all sources amounted to s., 81, 8l9, and
the total expenses and losses of all kinds to
81 Az, 432. The value of the gold and silver
bars issued from the United States assay Of
fee at New York and the mint at Phila-
delphia for use in the industrial arts during
the year was 81, 49,, 7l0 gold, and 81, All, b4G
silver Gold coin and bullion exports during
the year aggregated 81, 7O1, 1877, while imports
reached S42 $40, 60l. Silver bullion and coin
exports aggregated $50, Z96, 5O4, and imports
reached 1900 l9l.
The director estimates the stock Of coin in
the United Sotes To have been on July /,
1857: Gold. $500, COS, Gu silver, S342 $50, GIG;
total, sol ,54o, 9SI. In addition, there was
bullion in the mints Ms follows Gold, $685.
5i2, 270 silver, $40, 455. $50; total, sos, 967 92O
This, added to the stock of coin, gives as he
total metallic stock on July !. 1881: Gold,
1854, 500, 1856; silver, $3.50, 500, 500; total, ST.,
OO7,5l3, 0oI.
The director estimates the stock of gold
and silver coin in the United States on Nov.
!, 1887, to have been: Gold, S574 921, S73; sill
yer dollars, 27', no, 1911; subsidiary silver,
s75, 75S, 1856; total coin, 1927, 796,2l
Revised estimates of the production of gold
and silver In the world for the calendar
years 1885, 1884. 1885 and 1886 are prese nted
as follows: lSS3-Gold. sos, 312, 900; silver
SlI5,OoS O00 1SS4-Gold, SOL, 694 ,00o; sill
yer, Sic. 56I ,00G. 1SS5-Gold, $lO2, 975, 600;
silver, $l27 257. 600 1SS-Gold, 500, 06l ,0V0;
silver, $780, 3S3, 900